Blockchain payment network Terra Money opens ecosystem grant program

Blockchain payment network Terra Money opens ecosystem grant program

Terra Money, creators of a price-stable cryptocurrency and blockchain payment network, today announced a series of grants in order to improve the Terra ecosystem with new tools and products; as well as to provide an overall better environment for community members.

To begin the Grant Program, Terra is rolling out four RFPs; alongside a community suggestion initiative.


The first two RFPs are in relation to a new type staking product, called Anchor. The product requires both a new derivative token and a lending pool. Terra would like to design a solution where the initial deposit principal is protected.

RFP number two involves reducing the time to resync a node in the event of data corruption through the utilization of a data backup service.

Lastly, in order to ensure smooth development, deployment, and production experiences for present and future apps powered by Terra, and to provide simple, universal access to Terra’s public ledger; Terra is looking for community-driven initiatives to provide a robust, distributed availability layer.

“Our focus is to enable users of the Terra blockchain to think in terms of use-case rather than focus on infrastructure. Suggestions by community members in our Discord server or Twitter community often give the Terra team insightful pieces of advice that we have never considered before. We believe that in order for more use cases to arise, the community must be at the forefront focus. Thus we would like to also leave an open RFP; where any community member is welcome to suggest any ideas that we may have overlooked as well.”
– The Terra Money team

Those interested can send all proposals/inquiries to The deadline for submission is April 24, 2020.

Terra’s network of stablecoins is backed by Luna, a staking token that powers Terra’s Delegated Proof-of-Stake blockchain.
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